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Education deductions for my college kids?

Is there a way to deduct expenses for my three daughters who are in college if I didn't receive a 1098-T?

I have room and board, books, and incidentals. They received a scholarship for tuition.

Thanks for any help.

2 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Possibly for the book expense only.

    For the American Opportunity Credit only-

    The term "qualified tuition and related expenses" has been expanded to include expenditures for "course materials." For this purpose, the term "course materials" means books, supplies and equipment needed for a course of study whether or not the materials are purchased from the educational institution as a condition of enrollment or attendance.

    Expenses That Do Not Qualify

    Qualified education expenses do not include amounts paid for:

    *Insurance,

    *Medical expenses (including student health fees),

    *Room and board,

    *Transportation, or

    *Similar personal, living, or family expenses.

    This is true even if the amount must be paid to the institution as a condition of enrollment or attendance.

    If your children do not qualify for the American Opportunity Credit; then you are not eligible for any tax benefits.

    -because they are in grad school

    -not in a degree program

    -not enrolled half time

    -had a drug conviction

  • Judy
    Lv 7
    1 decade ago

    If you didn't get a 1098-T, I'd check and see if their school is an eligible institution, and if yes, talk to the school and ask why you didn't get the 1098.

    Tuition covered by scholarships isn't eligible for a deduction or credit in any case, and room and board and incidentals aren't either. If they qualify for the American Opportunity credit, required books are qualifying expenses - they aren't for the other credits.

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